By Jonathan Stearns, Bloomberg:
The European Union threatened to impose tariffs on solar panels from China in the wake of similar U.S. trade protection, saying EU producers may be victims of unfair price undercutting.
The EU opened a probe into whether Chinese manufacturers of solar panels sell them in the 27-nation bloc below cost, a practice known as dumping. The inquiry covers crystalline silicon photovoltaic modules or panels and cells and wafers used in them.
At stake is whether European competitors such as Solarworld AG (SWV), Germany’s largest maker of the renewable-energy technology, win levies to counter growing competition from China.
The investigation will determine whether solar panels from China are “being dumped and whether the dumped imports have caused injury to the union industry,” the European Commission, the EU’s trade authority in Brussels, said today in the Official Journal. The commission has nine months to decide whether to impose provisional anti-dumping duties for half a year and EU governments have 15 months to decide whether to apply “definitive” levies for five years… Read more